Trading drops for Junior Market on Monday

Trading slipped on the Junior Market of the Jamaica Stock Exchange on Monday, with a 35 percent fall in the volume of stocks traded as the value dropped 29 percent below Friday with trading ending with trading in 44 stocks, the same as Friday and ended with 16 rising, 15 declining and 13 unchanged.
Investors traded 5,508,204 shares at $11,474,088 compared to 8,514,607 units at $16,106,240 on Friday.
Trading averaged 125,186 shares at $260,775 compared to 193,514 units at $366,051 on Friday with the month to date, averaging 214,255 stocks at $492,082 compared to 221,835 stocks at $511,768 on the previous trading day. July closed with an average of 326,541 units at $843,878.
ONE on ONE Educational led trading with 1.73 million shares accounting for 31.4 percent of total volume followed by Image Plus Consultants with 465,288 units for 8.4 percent of the day’s trade and Mailpac Group with 412,652 units for 7.5 percent market share.
At the close, the Junior Market Index popped 6.64 points to 3,894.06, but the Investor’s Choice bid-offer indicator flashed negative reading at the close.
The PE Ratio, a measure of computing appropriate stock values, averages 10.9. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and eight with lower offers.
At the close, Access Financial declined 52 cents and ended at $24.62 after exchanging a mere 16 shares, Caribbean Cream dropped 30 cents to close at $3.46 with just 5 units clearing the market, Caribbean Flavours fell 7 cents in closing at $1.24 with an exchange of 6,879 stocks. Dolla Financial shed 12 cents to close at $2.66 with investors exchanging 218,431 stock units, Dolphin Cove lost 55 cents to end at $16.50, with 1,107 stocks changing hands, EduFocal climbed 10 cents to end at $1.50 while exchanging 268,139 stock units after the price hit an intraday 52 weeks’ low of $1.36. Fontana gained 20 cents to close at $10.75 with traders swapping 38,852 shares, Fosrich increased 8 cents to $2.08, with 232,281 units crossing the market, Future Energy Source rallied 14 cents and ended at $3.75 in an exchange of 285,114 units. General Accident dipped 47 cents in closing at $4.43 after 5,433 stocks passed through the market, Honey Bun rose 45 cents to $6.52, with 18,119 stock units changing hands, Image Plus Consultants advanced 17 cents to close at $2.25 after an exchange of 465,288 shares. Iron Rock Insurance lost 29 cents in closing at $2.10 in switching ownership of 2,305 units, ISP Finance popped $2.07 and ended at $28.55 after 1,016 stock units changed hands, Knutsford Express shed 59 cents to end at $11.30 with a transfer of 359 stocks. Lasco Distributors climbed 21 cents and ended at a 52 weeks’ high of $4.70 after 229,107 shares crossed the market, Lasco Manufacturing traded 188,112 shares to close at $5.35 after hitting an intraday 52 weeks’ high of $5.49, Limners and Bards fell 17 cents to $1.81 in trading 65,042 units. Main Event rallied $1.01 to close at $15.19 after investors traded 4,415 shares and Tropical Battery rose 10 cents in closing at $1.99 after a transfer of 153,938 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.